We are in ”The Pivot Zone”
Saxo Market Call
Summary: The equity market recovery continued apace yesterday and overnight, buoyed by Alphabet's 20 to 1 stock split and a jump in its share price after the parent company of Google reported strong results for its ads business. Today we breakdown the many equities to focus on as the earnings blitz continues, the key technical levels for the equity market as this recovery has taken the price action close to pivotal resistance levels. We also discuss crude oil ahead of another OPEC+ meeting and the latest US inventory data, a very tight coffee market, understanding total return in the commodity market and in currencies, the degree to which Aussie has correlated with risk sentiment rather than listening to the RBA. This and more in today's pod, which features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.
Follow Saxo Market Call on your favorite podcast app:
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.